HSBC Cards

[lanah]

This includes all of there cards including orchard!

For people who have their cards are they raising your interest rate to 19.99% starting december 22? I got the notice for both of my cards and I called because my rate is currently 11.99%. They said that there is nothing they can do about it and that they are raising it to ALL of their cards and that ALL future offers will be 19.99%

I find this hard to believe? Since I hate being lied to I want to see if any of you guys are getting the same increase.

[DI]

My new GM HSBC card is 20.99.   That's a sure bet to  have no rolling balance.

[rom828]

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@lanah wrote:

This includes all of there cards including orchard!

For people who have their cards are they raising your interest rate to 19.99% starting december 22? I got the notice for both of my cards and I called because my rate is currently 11.99%. They said that there is nothing they can do about it and that they are raising it to ALL of their cards and that ALL future offers will be 19.99%

I find this hard to believe? Since I hate being lied to I want to see if any of you guys are getting the same increase.

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All Orchard cardholders are getting these notices...There's another thread on this from last week or so.

I have 2 Orchards.  The oldest 1999 MC is going from 18.9  to 19.99%  (w/ $59 AF) and my 2005 Visa (no AF) is going from 14.99% to 19.99%.

I have perfect record with Orchard--not a single late payment, so I guess that's why mine is "only"going up to 19%.  On the other thread some Orchard cardholders advised increases well into the 20s%.

[dallasjetfan]

They raised mine and also wouldn't budge on the annual fee so I paid off today and closed it!!  I love closing accounts when they talk about all the benefits.  The benefits are for the banks not the consumer.  Bye HSBC!!

[Anonymous]

The front line CSR's cannot waive AF's. You have to ask for a retention specialist and work it out with them. It is possible to make it happen - the AF on my Direct Merchants Bank MC has been permanently waived.

[dallasjetfan]

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@Anonymous wrote:
The front line CSR's cannot waive AF's. You have to ask for a retention specialist and work it out with them. It is possible to make it happen - the AF on my Direct Merchants Bank MC has been permanently waived.

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There cards are worth a crap so no worries!   I won't do business with this company again!!

[Anonymous]

When the card is one of your oldest open TL's like mine is (about ten years) you do what you have to to make the best of it!

[dallasjetfan]

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@Anonymous wrote:
When the card is one of your oldest open TL's like mine is (about ten years) you do what you have to to make the best of it!

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True!  It wasn't and I don't think I would even care.  I'm only going to have 2 cards and live off cash from now on.  I'm done trying to manage a card that provides me no benefit other than for credit score purposes.  I only need a credit score for a mortgage, but I will have over 50% down so my score won't matter much.

[lanah]

Your credit scores must be really good. I currently have a 716 on Eq.  but I closed one joint account on T. and it lowered my credit score to 625. So I now i have a hundred point difference just because I closed an account.

The government should do something about credit scores being affected by closing an account. Credit companies know that it hurts your account so they don't car e if you close it or not.

[Anonymous]

We have an HSBC master card that is at 11.24% and just got notice that it is going up to 14.99% in November.